Consider that, today, more than 70% of Americans use social media—up from only 5% tallied in 2005, according to the Pew Research Center. A handful of key players in the space continue to rule. Social Media Examiner's "2017 Social Media Marketing Industry Report" revealed that the top platforms used by marketers are Facebook (94%), Twitter (68%), LinkedIn (56%), Instagram (54%), YouTube (45%), Pinterest (30%), and Snapchat (7%). So what's in stor for 2018?

Comtex Goes Private

Jun 08, 2010

Comtex News Network, Inc.'s stockholders approved a 1-for-1,000 reverse stock split of the Company's common stock and the cashout of stockholders holding fewer than 1,000 shares. The proposals needed the support of 90% of the company's shareholders in order to pass. The practical upshot of this reverse split is that the company will have fewer than 200 shareholders and will file with the Securities and Exchange Commission to deregister as a publicly-held company. Those stockholders who are being bought out will be paid $0.29, a 30% markup over the company's average closing price over the previous 10 days.